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Meats Futures Prices

Sat, Feb 16th, 2019
[[ timeframe ]] futures price quotes as of Sat, Feb 16th, 2019.
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
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Futures Market News and Commentary

Lean Hogs Market News and Commentary

Lean Hog futures posted 10 to 82.5 cent gains in most contracts on Friday, with August down a dime. The CME Lean Hog Index was down 31 cents from the previous day @ $55.24 on February 13. The USDA pork carcass cutout value was up 27 cents on Friday afternoon at an average weighted price of $63.03. The national base cash hog carcass value was down 21 cents in the PM report, with a weighted average of $48.51. USDA estimated FI hog slaughter WTD at 2.514 million head through Saturday. That is down 2,000 head from the previous week but 129,000 above the same week last year.Apr 19 Hogs closed at $59.525, up $0.825,May 19 Hogs closed at $68.450, up $0.750Jun 19 Hogs closed at $76.725, up $0.250--provided by Brugler Marketing & Management
Cattle Market News and Commentary

Live cattle futures saw losses of 20 to 27.5 cents in most contracts on Friday, with Feb up 50 cents. Feeder cattle futures were down 55 cents to $1.475. The CME feeder cattle index was down 19 cents on February 14 at $141.31. Wholesale boxed beef prices were higher on Friday afternoon, with the Ch/Se spread at $5.86. Choice boxes were up 78 cents at $216.85 with Select 58 cents higher at $210.99. USDA estimated FI cattle slaughter at 596,000 head through Saturday. That is down 24,000 head from last week and 6,000 smaller than the same week last year. Cash trade developed late on Friday, with most lots exchanging hands around $125 and $199-200 dressed.Feb 19 Cattle closed at $126.625, up $0.500,Apr 19 Cattle closed at $127.175, down $0.200,Jun 19 Cattle closed at $118.075, down $0.200,Mar 19 Feeder Cattle closed at $142.600, down $1.475Apr 19 Feeder Cattle closed at $145.225, down $1.275May 19 Feeder Cattle closed at $146.575, down $1.100--provided by Brugler Marketing & Management
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